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Tag Archives: tax strategy

From 1 July 2015, the professional expenses associated with starting a new business, such as legal and accounting fees, are deductible in the year those expenses are incurred rather than deducted over a five-year period as was the case in … Continue reading →

The Abbott government handed down its budget for 2015-16 last night Many key Budget announcements that comprised the Government’s small business package were announced (or “leaked!”) pre-Budget and confirmed in the Budget papers. These include: Accelerated depreciation across multiple areas … Continue reading →

Income Tax Exemption for Religious and Charitable Institutions Current Legislation Broadly speaking, the current income tax legislation prescribes that religious and charitable institutions are income tax exempt if they: have a physical presence in Australia and, to that extent, incur … Continue reading →

This blog has been created in response to the recent Exposure Draft – “In Australia” Special conditions for Tax Concession Entities. It is intended to: keep tax concession entities informed act as a central point of reference for communication assist various interested … Continue reading →